- MCOA supports a variety of portfolio companies, which participate at different levels within the cannabis and hemp industries
- The company has CBD-derived product brand hempSMART as a primary portfolio holding
- MCOA provides turn-key services to the legal cannabis and hemp industries
Marijuana Company of America Inc. (OTCQB: MCOA) delivers recognized brands via innovative marketing distribution companies. MCOA is an umbrella company. It is undergoing development to support an array of portfolio companies that participate within the cannabis and hemp industries. Primarily an industrial hemp business, one of MCOA’s main companies is wholly owned subsidiary hempSMART Inc. Company management has expertise in cultivation, processing and distribution. MCOA has its corporate headquarters in Escondido, California.
The company provides turn-key services to the legal cannabis and hemp industries. Most of MCOA’s projects are involved in the cultivation and distribution of hemp-derived products. Its hempSMART subsidiary offers a line of industrial hemp-derived cannabidiol (CBD) products, which contain no THC. In addition, hempSMART offers the opportunity to distribute its products as part of its associate marketing model. In essence, MCOA’s focus is on hemp more than marijuana. It is targeting the $3.7 trillion wellness industry with branded cannabidiol products (http://cnw.fm/F5m9F).
Grand View Research (http://cnw.fm/OYr9d) noted in a report, “The global industrial hemp market size was estimated at USD 3.9 billion in 2017, expanding at a CAGR of 14.0% over the forecast period.” It added (http://cnw.fm/W3lFF), “The global industrial hemp market size is expected to reach USD 10.6 billion by 2025.”
Moreover, Technavio, based on its industry analysis (http://cnw.fm/io8SY), predicts that, “…the industrial hemp market will grow at a year-over-year rate of 15.3% in 2019, with a CAGR of 15.5% through to 2023.” Moreover, the expectation is that legal marijuana markets will reach $24.5 billion by 2021 (http://cnw.fm/z4A91).
MCOA is leveraging this growth by establishing itself along different points in the industrial hemp, cannabis and related services supply chains (http://cnw.fm/Is0L9). The company and joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) recently announced that clone production for the 2019 season at its Scio, Oregon, high yielding CBD hemp project is now very active in preparation for an “as early as possible” planting this year (http://cnw.fm/fU8QI).
Along with hempSMART, MCOA’s portfolio companies include Brunswick Hemp Project, Covered Bridge Acres LTD and MoneyTrac Technology. The company’s product portfolio, by way of hempSMART, includes hempSMART Brain, hempSMART Face, hempSMART Drops, hempSMART Pain Capsules and hempSMART Pain Cream. The company’s certificates of analysis validate the purity and quality of its THC-free products (http://cnw.fm/6x0Tk).
Furthermore, MCOA places an emphasis on the leasing of real property to separate business entities involved in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and appropriately regulated for medicinal and recreational use. The company additionally engages in the expansion of its business into supplementary areas of the legalized cannabis and hemp industries.
MCOA continues to work to create value for its shareholders. It is doing so with diverse initiatives, including strategically investing in synergistic companies to develop a varied portfolio of subsidiaries and JVs. MCOA envisions a future in which it will be a model for entrepreneurs and businesses that share its common goals and philosophies. This includes creating an environment for businesses to improve quality of life for their customers.
For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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